Irish finance minister says no decision yet on property tax

Xiong Sihao
0 Comment(s)Print E-mail Xinhua, August 28, 2012
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DUBLIN, Aug. 27 (Xinhua) -- Irish Minister for Finance Michael Noonan on Monday said the cabinet has not yet made a decision on the type of property tax to be introduced next year.

The only thing certain is that there will be a tax and that it will be collected through the revenue commissioners, he said.

Earlier, Minister for Transport Leo Varadkar said no decision had been made on whether the tax would be valuation-based, floor-based or site-valuation based.

Meanwhile, opposition leader Sinn Fein's spokesperson Pearse Doherty said his party opposed a property tax, supporting the introduction of a wealth tax instead.

The idea of a property tax was mentioned in the agreed four-year Plan by the International Monetary Fund and European Central Bank back in November 2010.

The temporary household charge of 100 euros (125 U.S. dollars) per property came into force in Ireland from January 2012, but this is only in place until a full Irish property tax system is set up.

The property tax should be in place by 2014, but it is possible it could start as early as 2013. The household charge system is being used to build up a database of homeowners in Ireland. Enditem

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